By Evaluating the Compound Interest, we come to know that Rajesh will have enough money in the account to cover all of the required loan payments.
The Principal Amount(P) = $30,000
Rate of Interest (r) = 2.16 %
Time(t) = 10 years
Number of Times it is Compounded in a year(n) = 12
Now, we have
Putting all the values, we evaluate the amount,
Hence, the Amount after Compound Interest = $37,225.87
Now, The loan amount that he pays = 300 *12*10 = $ 36,000
Yes, he will have enough money in the account to cover all of the required loan payments.
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There's not much math work here, they just want you to eyeball the graph and give the closest grid point to where the two lines meet.
Let's translate the question.
Solution to the system
That's the x and y values where the two lines cross. That's because the meeting point is the value of x and y that satisfies both equations.
Approximation ... to the nearest integer values
Where two integer grid lines cross is called a lattice point. It's a point with integer coordinates. Our solution, the meet of these two lines, doesn't fall exactly on a lattice point. The nearest integer values means the closest lattice point to our intersection of lines.
Eyeballing the graph, I'd say (x,y)=(2,3) is the closest point.
Answer: (2,3) second choice
Answer: x^2+2x+1
Step-by-step explanation:
